Lot 26 - Victoria Tavern, 28 High Street, Plaistow, E13 0AJ

Auction Date

Thursday, 9th February 2017 11:00am

Location & Description

A detached two storey property comprising a ground floor public house, basement store and first floor manager's flat. On the south side of the High Street, a short distance from Plaistow underground station (District line and Hammersmith & City line) and about 1½ miles from central Stratford and Westfield.

Lease Details

99 Years from 09.03.1967 (about 49 years unexpired) at a ground rent of £325 p.a.

EQUIVALENT TO £20,000 p.a. WITH PLANNING PERMISSION

PLANNING

Planning permission granted by L.B. Newham on 09.11.2016 (Ref: 16/01992/FUL) for demolition of Victoria Tavern and erection of a new four storey residential development consisting of 8 units (1x1 bed, 3x2 bed and 2x3 bed flats (1 being a duplex) and 1x2 bed townhouse and 1x3 bed townhouse) with provisions for 16 secure cycle spaces and refuse/recycling facilities. A CIL will be chargeable on this development.

EPC Rating

E

Property Features

Equivalent £20,000 p.a.

Planning Permission Granted for Residential Development

Close to Plaistow Underground Station

VAT Payable (TOGC may apply)

Result

Sold for £405,000

Addendum

Title plan takes priority over that in the catalogue. There are NEW special conditions as the tenancy schedule has been slightly amended.